The UK, the US and Australia have formed a defence and security partnership to further improve joint development capabilities and technology sharing.
Known as ‘AUKUS’, the collaboration will encourage deeper security and defence-related science, technology, industrial bases and supply chains integration.
The new security pact looks like being good news for British defence contractors.
Boris Johnson mentioned, early in his statement, the benefits for the UK economy.
Mr Johnson said the pact would create “hundreds of highly skilled jobs across the United Kingdom – including in Scotland, the North of England and the Midlands – taking forward this government’s driving purpose of levelling up across the whole country.”